Post
Topic
Board Announcements (Altcoins)
Re: [ANN][Blocknet] The internet of blockchains / XBridge / true cross-chain P2P
by
Marlo Stanfield
on 04/11/2014, 13:49:38 UTC
Can you give us a status on how many BTC have been raised so far?

Time to make some tough decisions.  My gut tells me to get rid of everything ASAP but I'm trying to find reasons to convince me otherwise.

I do request that you spend some more time on the OP and website...they're both missing a good amount of information (I hope).

you can make the calculation yourself by summing all the BTC available in all the exchanges

Bittrex : 555.8

Polo: 312.3

Bter: 527.7

=

1395.8

2500-1395.8=1104.2 if there is less than 254.2 Bitcoin dump on Bittrex refund wall the ITO is succesful right now.

1100btc, what a great ICO, never seen this before.

blocknet coins are sold about only 290BTC on bittrex,  ITO must be successful

All this is assuming that 2500 BTC in BLOCK was spread among Bittrex, Poloniex and Bter. Which wasn't the case I don't think.

It looks more like ~300 on trex, ~70 on polo and <50 on Bter. With the 500 BTC BLOCK sold for alts that would make them above their goal. Hopefully we get a true reporting of final numbers from the exchanges. Not sure how this is going to turn out.

Dont forget....Plus the buy wall that will be placed in Bittrex to refund the ITO buyers.

Its safe to assume at least 50% of ITO buyers from Bittrex will be selling back their coins.
Coingateway sold most of coins.

even if 50% of bittrex buyer will sell back, the ITO will still succeed

Coin gateway sold 500 BTC worth, so there still has to be a total of 350 real BTC raised in the end.

I'm surprised that they included the altcoins in their goal because that means that if development needs to be funded those coins need to be sold. Hopefully there's transparency there. It's a similar situation to the XC premine but here they have a chance to do it right.